everyone was so happy that they put much of their money to buy houses and apartment even not for their own living while real estate companies keep developing new houses and apartments; but not for long, the China’s government has established a new policy, and that is an additional tax will be added on the second house purchased or owned of each individual. So people stopped purchasing houses, and start put more money into the stock market. The stock market was popular already, but it became even more
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Alternative Financial Services The world of finance is a growing industry, which helps provide the needs for individuals and businesses alike. Within the field of finance, there are many different sectors such as commercial banking, insurance, investment banking, and most importantly, Alternative Financial Services. The term Alternative Financial Services is described on the Federal Deposit Corporations website as follows: Alternative Financial Services (AFS) is a term often used to describe
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years Niger has accumulated roughly $965.5 Million in external debt. This is borrowing money from countries, IMF, World Bank and other multilateral agencies. This debt of Niger and other LDC’s has been amplified by factors beyond their control. Uncertainty in domestic production, violation in international price and exchange rates along with deteriorating terms of trade, which further increase LDC’s debt-burden. Continued external debt also aggravates the poverty trap of LDC’s. This affects the long-term
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historically been very conservative, with the corporation carrying little debt (Figure 1). This was possible primarily because of the enormous success of the company. However, in the late 1960's, competition for Du Pont had increased considerably, and the company experienced decreased gross margins and return on capital Figure 1. The capital structure of the Du Pont company from 1965 to 1982. The company had very little debt as late as 1965, but after the acquisition of Conoco, Du Pont changed to
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Introduction The Greek debt crisis in 2009 occurred as a result of an understated financial deficit and extreme spending. The stagnation of the Greek economy and the demotion in their debt rating did not aid their financial situation. Greece was then faced with the possibility of sovereign debt default. The failure of Greece to pay their debts required bailouts from the European Union (EU) and the International Monetary Fund (IMF). While the loan bailouts have eased short term liquidity problems
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Access to credit is crucial for the growth and survival of Small and Medium-sized Enterprises (SMEs). Thus policy makers attempt to pursue financial sector policies to propel financial intermediaries to extend more credit to SMEs. Access to credit still remains a challenge to SMEs especially those in developing economies and continues to dominate discussions both within business circles and policy makers. In Nepal, for instance, a survey by Ferrari et al (2006) entitled to “Access to financial services
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ASSESSING AND MANAGING YOUR FINANCIAL SITUATION Cancer and its treatment can leave a survivor with a need to review current and future financial goals. Events such as illness, disability, employment changes and investment disappointments can affect your personal and financial well-being. An assessment of your situation can help define your present financial status as well as prepare for future planning, saving, spending and dealing with financial emergencies. Preparation for changes and challenges
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signed under oath. However, in most bankruptcy cases you do not need to go before a judge. At the moment your bankruptcy is filed, the automatic stay goes into effect. The automatic stay immediately stops your creditors from attempting to collect debts from you in any way, including phone calls, letters and pending court proceedings. There are some exceptions to the automatic stay including criminal or government proceedings or those related to most domestic relations matters. Part of the bankruptcy
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Credit Policy of Ghana Commercial Bank THE CREDIT POLICY The credit policy of Ghana Commercial Bank Ltd is aimed at maintaining acceptable credit standards by holding reasonable risk limits, evaluating new business opportunities, complying with regulatory requirements and providing adequate liquidity for the effective running of the bank. This aim is achieved through the following objectives: 1. Attract and maintain a High Quality Portfolio of Assets 2. Efficiently manage its assets to ensure
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Foreign-denominated debt and foreign currency derivatives: complements or substitutes in hedging foreign currency risk? William B. Elliott a,*, Stephen P. Huffman b, Stephen D. Makar b a Department of Finance, Oklahoma State University, 224 Business, Stillwater, OK 74078, USA b University of Wisconsin Oshkosh, Oshkosh, WI, USA Received 30 June 2001; accepted 20 April 2002 Abstract Using a unique dataset, this study examines the relationship between foreign-denominated debt (FDD), foreign currency
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